Vanguard Group Inc. Reduces Stock Position in Peabody Energy Co. (NYSE:BTU)

Vanguard Group Inc. trimmed its holdings in Peabody Energy Co. (NYSE:BTU) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,484,316 shares of the coal producer’s stock after selling 67,369 shares during the period. Vanguard Group Inc. owned approximately 0.09% of Peabody Energy worth $279,299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Federated Hermes Inc. increased its holdings in shares of Peabody Energy by 17,075.0% in the third quarter. Federated Hermes Inc. now owns 1,374 shares of the coal producer’s stock worth $36,000 after purchasing an additional 1,366 shares during the period. Daiwa Securities Group Inc. purchased a new position in shares of Peabody Energy in the 4th quarter worth about $36,000. TFO Wealth Partners LLC boosted its stake in Peabody Energy by 48,475.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,943 shares of the coal producer’s stock worth $47,000 after buying an additional 1,939 shares in the last quarter. Byrne Asset Management LLC grew its holdings in shares of Peabody Energy by 20.6% during the 4th quarter. Byrne Asset Management LLC now owns 3,690 shares of the coal producer’s stock valued at $92,000 after purchasing an additional 630 shares during the last quarter. Finally, Andina Capital Management LLC bought a new position in shares of Peabody Energy during the fourth quarter valued at about $203,000. Institutional investors own 87.44% of the company’s stock.

Analyst Ratings Changes

BTU has been the topic of several analyst reports. BMO Capital Markets decreased their target price on shares of Peabody Energy from $25.00 to $24.00 and set a “market perform” rating on the stock in a research note on Friday, May 3rd. B. Riley cut their target price on Peabody Energy from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Finally, Benchmark reiterated a “buy” rating and issued a $28.00 price objective on shares of Peabody Energy in a report on Friday, May 3rd. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Peabody Energy presently has an average rating of “Moderate Buy” and a consensus target price of $28.25.

Peabody Energy Price Performance

BTU stock opened at $22.12 on Monday. Peabody Energy Co. has a 1 year low of $20.66 and a 1 year high of $27.24. The company has a market cap of $2.82 billion, a P/E ratio of 6.16 and a beta of 0.97. The firm has a 50-day moving average of $22.90 and a 200 day moving average of $24.12. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 1.86.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Thursday, May 2nd. The coal producer reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30. The company had revenue of $983.60 million during the quarter, compared to analyst estimates of $980.03 million. Peabody Energy had a net margin of 11.62% and a return on equity of 14.98%. Peabody Energy’s quarterly revenue was down 27.9% compared to the same quarter last year. During the same period last year, the business earned $1.69 EPS. On average, sell-side analysts forecast that Peabody Energy Co. will post 2.22 EPS for the current year.

Peabody Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.30 annualized dividend and a dividend yield of 1.36%. Peabody Energy’s payout ratio is presently 8.36%.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.